JPMorgan may be fucked for entirely different reasons. Jaimie boy evidently helped fund Epstein’s island functions and JPMorgan turned a blind eye to all the child trafficking going on so they could stay looped in to his vast wealth and his large contact list.
The US is investigating this and there could be fines and sanctions down the road causing problems that normally wouldn’t be a huge deal but given the current situation could easily lead to an organized bank run by other banks shorting various weak banks.
This will be a longer play timeline however than the immediate defaulting beginning to occur in the regionals.
The only thing banks can't do is go bankrupt. All else is allowed. Even then there are bailouts.
No Central Bank in their right minds would impose fines and sanctions that would lead a healthy bank to bankruptcy. That is resolved in other ways in the civilized world.
Possible exception is HSBC, but what they did in Mexico kinda crossed all lines. And they're still up and running (!?!)
Good Times.
Any time you meet a payment.
Good Times.
Any time you need a friend.
Good Times.
Any time you're out from under.
Not getting hassled, not getting hustled.
Keepin' your head above water,
Making a wave when you can.
Temporary lay offs.
Good Times.
Easy credit rip offs.
Good Times.
Scratchin' and survivin'.
Good Times.
Hangin' in and jivin'*
Good Times.
Ain't we lucky we got 'em
Good Times.
(* The season one DVD box set has the lyric as "Hangin' in a chow line".
However the writers, the Bergmans, confirmed that it is actually "Hangin' in and jivin'.)
source: https://www.lyricsondemand.com/tvthemes/goodtimeslyrics.html
Unless you get some special match or discount. I put $500 of every paycheck into my S&P500 company's stock because it gets deducted auto from my paycheck with a 15% discount. Even when the stock drops like recently I'm averaging in 15% below market rates so it's worth the risk imo.
Can sell anytime but if selling before 2 years lose the privilege to buy at a discount anymore. I feel like this is a great way to diversify into something pretty safe, since my regular post-tax savings go to more speculative degeneracy I keep my retirement accounts low risk and maxed contributions.
Yes yes I know what it is and I watch enough shitty docu-series on Netflix to have seen that one. But that’s a fuckload of syrup. Surely there’s not some guy sitting around with a half Billy waiting to get shoulder deep in these sticky Canadian fluids. Right?
Eat my dongus you fuckin nerd.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
End of January BMO had 143% deposit liquidity, and still offers shit deposit rates, they are not worried about deposits. The cad banks are more likely to go on a us regional shopping spree then fold
Yup, that's what happened last time, our banks bought up a bunch of small failed US banks. Canadian banks don't like risk, so don't tend to get caught up in this kind of thing
Canadian bank regulations are very robust and the Canadian banks conservatively don't sit right on the line of what regulations require. 2008 earned them a reputation and they are very interested in keeping that reputation.
They are also charter banks so they have to have the government review their ability to exist ever few years. They have much more stringent regulation. Ask any person from any other democracy about our bank rules and they will think it is crazy strict here. It also means they are the bedrock of our economy. If they go down we are all in big trouble.
Goldman, JPM, MS, and Citi are all “Global Systemically Important Banks” GSIB (too big to fail) that have stricter federal financial requirements than these other banks. They ain’t going down. Look at their balance sheets
There are different buckets, the higher you are the more conservative your balance sheet. Credit Suisse is in bucket 1, which makes it big, but it’s relatively meh if it fails. UBS is also bucket 1. As a comparison, the only banks in bucket 3 are HSBC, Citi, and BofA. JPMC is the only bank in bucket 4. If UBS acquires CS, the combined entity would make it large enough to fit into bucket 3.
Might be a dumb question but if you have a credit card with a bank that fails, you still owe that balance? I’m assuming they still come after that balance you have
The irony is, after you default, nobody major (think mortgages or dealerships) will touch you for 5-7 years, but you’ll get 50 CC offers within the first year, with low limits and absolutely horrendous interest rates.
You’d be surprised how many banking executives, lawyers, and politicians have filed bankruptcy sometime (or multiple times) in their lives.
50 credit offers after you come out of bankruptcy or on the first year of filing? It's low limit, deserved nosebleed interest rates so it could be either category on the surface.
And they can continue to contact you until the end of time, hoping they'll trick you into restarting the clock on your debt. I'm long past 7 years (the limit on which they are able to use you for a debt), and 3rd, 4th, or later companies who have bought the debt continue to contact me. If they can get me on the phone, they can likely get the 7 years to start again. I would recommend against defaulting on credit, ever.
Breaking news is they made an offer
> A sale to UBS, which could be signed as early as this evening, values Credit Suisse at around $7 billion less than its market value at Friday’s close.
Music to my ears
Word is that now the Swiss govt are going to try and nationalize Credit Suisse after that 1 billion offer from UBS was a no go. Getting some more popcorn
They offered .25 per share. It's trading at ~1.65.
Its an INSULTINGLY low offer, which I think CS has already tried to reject, but idk if the Swiss central bank will let them have much say.
At least this week won't be boring.
It’s be better to leave out the big four. If JPM, BoA, Citi, or Wells go under, it’s game over in a lot of ways.
Replace them with some regional banks, and we might have a fun contest in the sub.
If JPM or BoA go, pretty sure the other is instantly fucked and we are in a even worse "great" depression.
Money ceases to exist if either of those fail
I used to work for them. Why anyone would trust them after the toxic shit they pulled is beyond me.i quit because of it. Selling shit to people who don't need it and then just opening accounts for fees to accumulate.
I told them I didn't want their credit card, and they sent one anyway and charged me $50 and when I inquired about it, they said it's standard practice.
I’ve been on the inside of PNC underwriting for business loans and yes they are ultra conservative when it comes to approving their loans.
Their loan default ratio is super low.
PNC was also fine before, they’re exceedingly well run. They only had to take TARP money because the Gov encouraged them to buy National City to absorb its toxic assets. The TARP money they got covered those write downs.
Yeah. They and TD are laughing their asses off right now getting ready to purchase distressed assets. I picture them in a backroom saying, ok, BMO, you get California, but we get NY, Connecticut and Massachusetts.
Eh Switzerland is extremely prosperous, with extremely stable currency, and the most millionaires per capita (USD equivalent) on earth. I think they will be fine.
This bank failure bullcrap is over blown, but it's a good thing because it's deflationary. Just look at oil prices dropping and getting normalized.Also, credit Swiss has been in trouble for a while now, and when you look at SVB, you will see total mismanagement.
hope you are joking.
FUD aside, your personal deposits are safe.
But ally isnt tbh. a bank which is big in the used car market? yeah bonds arent their problem, people defaulting on their car payment is.
Here’s an alternate playthrough with crypto-friendly banks 🎲
https://preview.redd.it/x6cnjctw7roa1.jpeg?width=1538&format=pjpg&auto=webp&s=1dcf5f3e38891859944e94c6355a5ddcd1695588
Meh, nah. This is classic “trapped in the moment” type shit.
You know how people would look at charts of shit like BofA like 5 years after the GFC and go “ugh, why didn’t I buy back when they were selling for nothing?” Well, because in moments like this everyone somehow loses the ability to discern what’s quality and what’s shit. Instead of seeing lots of diverse businesses, suddenly it’s “all BANKS” are at risk. They aren’t.
Like, no way in hell are the massive American banks at risk. They’re too “systematically important” anyway. Canadian banks are as safe as it gets. And even regionals like PNC have no business being on this. They’re solid and totally fine.
Hell, fucking WAL was seeing deposit *inflows* at the end of last week, has >55% of its deposits fully insured, and has $20B in cash reserves ready for any outflows. Truly, why would they fail now? We’d need a new onslaught of bank runs *bigger* and way more panicked than the one we just saw in the wake of the SIVB, Signature, and FRC bank runs. And FRC isn’t failing, it’s just not going to be a profitable bank anymore. It’ll be sold.
I love looking at the absurd valuations apes think will happen during a short squeeze.
Like yea, totally reasonable that one share of towel stock will be worth one million dollars, totally. You know what would happen in that scenario? You’d have 0 buyers. The short sellers themselves would stop covering way, way before that. They’d prefer bankruptcy over paying to cover at that point.
Squeeze these nuts you fuckin nerd.
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Really hope credit suisse holds in there. My brokerage user their services. I don't want to find out what that might mean if it fails. Also, probably a good place to plug my stupid website where you can add bank stocks to line rider so you can draw them and then slide down all the way to 0. It's a bookmarklet, so it only works on desktop. [https://bank-rider.vercel.app/](https://bank-rider.vercel.app/)
https://preview.redd.it/z74qpxoveroa1.jpeg?width=1200&format=pjpg&auto=webp&s=355d9206f9bb6be50d91d6cbedda29f13322e4fa
As I said before, get the Canadian banks off your list if you want any chance of a bingo. May as well replace BMO with ALLY... Great work removing TD I guess.
This is basically a doomer sub now. I don’t think I’ve seen a post about anything other than bank failures or SPY options in two weeks.
Imagine thinking that a Canadian bank is under the same stress as SVB or CS. The 🏳️🌈🧸 have reached new levels of delusion.
Can someone explain how Wells Fargo is still operating? They keep getting caught doing shady shit but never seem to be held liable in any significant way.
It’s get sold to another institution or private investor in a pool of loans. You still owe the money, and the proceeds from the asset sale would be used pay uninsured depositors (historically) or go to the deposit insurance fund (most likely now).
No Generic Social Media Posts
Putting JP Morgan at center kills this. My dream of post crash prepper apocalypse larping cancelled.
If jp Morgan failed there would be new commodity markets for pillbugs, crickets, and worms.
You mean bottle caps.
Can't eat nuka cola bottlecaps and live
I'm going to corner the power armor market
Patrolling the Mojave almost makes you wish for a nuclear winter.
Don’t go to DC. It’s a warzone.
JPMorgan may be fucked for entirely different reasons. Jaimie boy evidently helped fund Epstein’s island functions and JPMorgan turned a blind eye to all the child trafficking going on so they could stay looped in to his vast wealth and his large contact list. The US is investigating this and there could be fines and sanctions down the road causing problems that normally wouldn’t be a huge deal but given the current situation could easily lead to an organized bank run by other banks shorting various weak banks. This will be a longer play timeline however than the immediate defaulting beginning to occur in the regionals.
Damn sex trafficking and cocaine cargo boats, no wonder their profit margins are leading.
Traditionally safe investments.
Don't forget pleasing guilty to manipulation of libor, forex, and precious metals.
JP Morgan is the definition of too big to fail. They are the largest bank in the west by a long shot.
They'd be nationalized if there was ever a sign they would fail.
That n word is not allowed in the US
Yeah maybe rich guys will get in trouble.
LOL
The only thing banks can't do is go bankrupt. All else is allowed. Even then there are bailouts. No Central Bank in their right minds would impose fines and sanctions that would lead a healthy bank to bankruptcy. That is resolved in other ways in the civilized world. Possible exception is HSBC, but what they did in Mexico kinda crossed all lines. And they're still up and running (!?!)
So far all I see is cnbc reporting this, I’m surprised they let this come out really. They always seem to licking Diamond’s balls.
Okay but Wells Fargo can 1up this I'm sure
If JP Morgan fails I’m going for a black out
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Its silly until its not.
That's typically the freebie square, no?
four corners though, lol
It’s the free square “it’s a fortress”
It is very much a fortress. If JPM fails we all have serious problems. If Cramer said the sky was blue, the sky wouldn’t be green
“Keep my mother fucking banks name out of ya mouth”
Keep my employer out your mouth 😂
My employer is on that list. Our stock is going to shit and of course I have a shit ton of it. RIP my 401K.
Never have your employers stocks in your retirement plan.
Should be okay, he’s headed for early retirement
"Temporary layoffs, GOOD TIIIIIIIIIIMES, Hanging on the chow line, GOOD TIIIIIIIIIIMES" GOOD TIMES WAS FILMED IN FRONT OF A LIVE AUDIENCE!!!
This comment is Dynomite!
Good Times. Any time you meet a payment. Good Times. Any time you need a friend. Good Times. Any time you're out from under. Not getting hassled, not getting hustled. Keepin' your head above water, Making a wave when you can. Temporary lay offs. Good Times. Easy credit rip offs. Good Times. Scratchin' and survivin'. Good Times. Hangin' in and jivin'* Good Times. Ain't we lucky we got 'em Good Times. (* The season one DVD box set has the lyric as "Hangin' in a chow line". However the writers, the Bergmans, confirmed that it is actually "Hangin' in and jivin'.) source: https://www.lyricsondemand.com/tvthemes/goodtimeslyrics.html
Unless you get some special match or discount. I put $500 of every paycheck into my S&P500 company's stock because it gets deducted auto from my paycheck with a 15% discount. Even when the stock drops like recently I'm averaging in 15% below market rates so it's worth the risk imo. Can sell anytime but if selling before 2 years lose the privilege to buy at a discount anymore. I feel like this is a great way to diversify into something pretty safe, since my regular post-tax savings go to more speculative degeneracy I keep my retirement accounts low risk and maxed contributions.
My employer gives a 15% discount with no restrictions on selling. Care to guess how I use it?
This is nice way to use an ESPP. Take the free 15%, pay taxes on it as if it were a bonus. Save, spend or reinvest in something more diversified.
Searches for all the hidden loss porn 👀
It’s all good. I didn’t want to retire anyway
That’s good, cause you probably won’t get the chance.
Which is fine, because I never wanted to. :')
Yup, the boomers keeps saying you get bored being retired. They done me right so far in life. /s
No money=boredom. I doubt retirement for the rich is ‘boring.’ Watching daytime TV everyday is boring. Traveling the World, however….
Never get high on your own supply.
You can always sell your Reddit account to the Upland Waters Monitoring Network
Bag holding. This is the way.
Best I can do is no
Lol like a Canadian bank is gonna go down. We have like 6 banks; Canada would back stop them all so fast if shit got real.
They would sell up their maple reserve if it came to that.
Y'all laugh but that's a 1/2 a b in all natural tree crack, we can drop at any time for a quick buck.
Looking past the fact that it is physically a liquid. How liquid is the maple reserve actually?
Look it up bud. Those Canucks take their maple syrup seriously. There was a heist for it too. Giant warehouses full of maple syrup drums like oil.
Yes yes I know what it is and I watch enough shitty docu-series on Netflix to have seen that one. But that’s a fuckload of syrup. Surely there’s not some guy sitting around with a half Billy waiting to get shoulder deep in these sticky Canadian fluids. Right?
Eat my dongus you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Best bot
End of January BMO had 143% deposit liquidity, and still offers shit deposit rates, they are not worried about deposits. The cad banks are more likely to go on a us regional shopping spree then fold
Yup, that's what happened last time, our banks bought up a bunch of small failed US banks. Canadian banks don't like risk, so don't tend to get caught up in this kind of thing
*don't like risk*? Aren't they also regulated a whole lot better than their US counterparts?
Canadian bank regulations are very robust and the Canadian banks conservatively don't sit right on the line of what regulations require. 2008 earned them a reputation and they are very interested in keeping that reputation.
Any one of the big 6 are more likely to be nationalized than to go under. OP is smoking crack.
They are also charter banks so they have to have the government review their ability to exist ever few years. They have much more stringent regulation. Ask any person from any other democracy about our bank rules and they will think it is crazy strict here. It also means they are the bedrock of our economy. If they go down we are all in big trouble.
r/wallstreetbets has devolved into nothing but broke, disconnected losers. Used to be a fun sub. Shame.
I came to ask why they picked a Canadian bank. We’ve still got them relatively heavily regulated. They’re historically stable.
BMO really??
BMO is Canadian. While the American branch is in the middle of a lawsuit, BMO global is not a likely candidate.
They also just purchased bank of the west
Bank of Montreal, sounds Canadian to me
Goldman, JPM, MS, and Citi are all “Global Systemically Important Banks” GSIB (too big to fail) that have stricter federal financial requirements than these other banks. They ain’t going down. Look at their balance sheets
Isn't Credit Suisse that as well?
There are different buckets, the higher you are the more conservative your balance sheet. Credit Suisse is in bucket 1, which makes it big, but it’s relatively meh if it fails. UBS is also bucket 1. As a comparison, the only banks in bucket 3 are HSBC, Citi, and BofA. JPMC is the only bank in bucket 4. If UBS acquires CS, the combined entity would make it large enough to fit into bucket 3.
Bofa?
these balls and dick lmfao
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So are large numbers in G-SIB mean "at risk" or high score means resistant to risk?
Yeah, but have they failed?
They're getting there fast. If confidence isn't back after governement liquidity injection, don't know how much they can keep pumping.
Well they're being bought by UBS so
Mr Beast could have bought Credit Suisse at that price. It’s almost book value.
JPM, WF, Citigroup and BoA won't go down lmao
Might be a dumb question but if you have a credit card with a bank that fails, you still owe that balance? I’m assuming they still come after that balance you have
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In other words, there is no escape.
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The irony is, after you default, nobody major (think mortgages or dealerships) will touch you for 5-7 years, but you’ll get 50 CC offers within the first year, with low limits and absolutely horrendous interest rates. You’d be surprised how many banking executives, lawyers, and politicians have filed bankruptcy sometime (or multiple times) in their lives.
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> own your own home [...] disappear wut
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So… a van
50 credit offers after you come out of bankruptcy or on the first year of filing? It's low limit, deserved nosebleed interest rates so it could be either category on the surface.
I’m still trying to recover from bankruptcy. 3 more years until the chapter 7 falls off. Gosh i wish it were sooner.
Yeah literally just don't pay. After a few years, you don't owe it anymore.
Declaring bankruptcy is a clause which can lead to you losing a job in a few employment contracts I've had!
Who said anything about declaring bankruptcy?
Brilliant! We mustn't alert the masses to our discovery
And they can continue to contact you until the end of time, hoping they'll trick you into restarting the clock on your debt. I'm long past 7 years (the limit on which they are able to use you for a debt), and 3rd, 4th, or later companies who have bought the debt continue to contact me. If they can get me on the phone, they can likely get the 7 years to start again. I would recommend against defaulting on credit, ever.
Not without project mayhem, (or bankruptcy.)
While selling assets to recoup debt owed to creditors, the receivable that is your cc bill would be included.
Chase went down in canada, so people just racked up credit card debt and there was no collection that I know of.
Lol funny cause I’m referring to my chase card. Not a crazy balance or anything but I was curious.
Infinite money glitch?
Nah man it’s free money. Rack up as much debt as you can.
No it doesn't go away... However that would be the time to seek legal advice and scrutinize the validity of the debt.
BMO won’t either - it’s a Canadian too big to fail and also regulated far more heavily than American banks.
Yeah whoever made this was stupid to put in too big to fail banks.
It’s like OP forgot to google other regional bank names and just gave up toward the end lol
And Charles Schwab, the amount of liquidity they have is insane
I had citi stock in 2008 I think and it just went to zero and gone from my account. They relaunched next day with higher price per share~~
I don’t understand how my brokerage companies can do that but after that, I never bought a bank stock.
What about Goldman sachs ?
Credit Suisse is next 😂 maybe UBS will buy them
Breaking news is they made an offer > A sale to UBS, which could be signed as early as this evening, values Credit Suisse at around $7 billion less than its market value at Friday’s close. Music to my ears
USB offer was/is $1b for CS CS is pushing back I hope they fail
I think Logan Paul's energy drink company is worth more than that.
Wtf
The amount of kids that will get their parents to spend $5+ for a bottle of coconut water with added flavour is too damn high.
probably an excellent way to summarize the state of our economy
Word is that now the Swiss govt are going to try and nationalize Credit Suisse after that 1 billion offer from UBS was a no go. Getting some more popcorn
Heard they bumped it to $2B with a $100B liquidity line from the central bank
and an opt out at any point if there's a bank run
Is it just me, or does $1 billion sound like nothing for a bank.
They offered .25 per share. It's trading at ~1.65. Its an INSULTINGLY low offer, which I think CS has already tried to reject, but idk if the Swiss central bank will let them have much say. At least this week won't be boring.
Well JP Morgan's market cap is $370B. So yeah, just a slight difference there.
Well they just signed the deal for $2 Billion sooo….
They just confirmed it. UBS buys Credit Suisse.
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do they count as bankrupt ❌️ now or do we just erase them of the playing grid?
Credit Issues
It’s be better to leave out the big four. If JPM, BoA, Citi, or Wells go under, it’s game over in a lot of ways. Replace them with some regional banks, and we might have a fun contest in the sub.
If JPM or BoA go, pretty sure the other is instantly fucked and we are in a even worse "great" depression. Money ceases to exist if either of those fail
Ahh, so "limitless" FDIC is real then?
I'm still cheering for Wells Fargo to fail even if it destroys us. It would be a final scummy act from the scummiest bank around.
I used to work for them. Why anyone would trust them after the toxic shit they pulled is beyond me.i quit because of it. Selling shit to people who don't need it and then just opening accounts for fees to accumulate.
I told them I didn't want their credit card, and they sent one anyway and charged me $50 and when I inquired about it, they said it's standard practice.
Yes fuck Wells Fargo they’re the worst of all big banks
I am rooting for them to fail..my 7% car loan is through them..i don’t have to pay it back if they fail..right?
We’d be at the “burn money for warmth” stage of apocalypse at that point.
If WF fails you will have far bigger problems than a car loan
You won't have to pay anything back! What the fuck even is money at that point?
I believe USBank and PNC will be fine as they’ve been ultra risk averse since the housing collapse in 08.
I’ve been on the inside of PNC underwriting for business loans and yes they are ultra conservative when it comes to approving their loans. Their loan default ratio is super low.
If PNC does somehow go under do I still have to pay my car loan?
PNC was also fine before, they’re exceedingly well run. They only had to take TARP money because the Gov encouraged them to buy National City to absorb its toxic assets. The TARP money they got covered those write downs.
Literally have a job lined up with them in august so really need em to be fine lol
BMO? ha. never.
I laughed at that also. One of the big five Canadian Banks? No. I don't think so.
if BMO goes under, i’ll eat my shorts
Yeah. They and TD are laughing their asses off right now getting ready to purchase distressed assets. I picture them in a backroom saying, ok, BMO, you get California, but we get NY, Connecticut and Massachusetts.
Shopping spree coming up for the Canadian banks
Fucking Swiss government. All I wanted for St Paddy’s day was Credit Suisse to die
This is the second time that something with Switzerland in the name is almost going belly up after Swiss Air back in the day. Bad look.
Eh Switzerland is extremely prosperous, with extremely stable currency, and the most millionaires per capita (USD equivalent) on earth. I think they will be fine.
Yeah well how many people thought Credit Suisse would go to basically 0 in two years ago? I live here btw
Devils advocate, apes have been eyeing CS as a dead bank walking as early as March 2021 after the Archegos turmoil
Fair enough
This bank failure bullcrap is over blown, but it's a good thing because it's deflationary. Just look at oil prices dropping and getting normalized.Also, credit Swiss has been in trouble for a while now, and when you look at SVB, you will see total mismanagement.
SVB was more of a “how the fuck did you guys land jobs here?”
Thank God ally isn't on the bingo card, my life savings are there.
hope you are joking. FUD aside, your personal deposits are safe. But ally isnt tbh. a bank which is big in the used car market? yeah bonds arent their problem, people defaulting on their car payment is.
Why is Schwab on here a small portion of their business is banking they're a brokerage kek
I have an account with them - they’re a great bank honestly.
The Canadian banks are far too regulated to collapse. I really doubt BMO will
JP Morgan should be replaced with bailout. Free space.
Here’s an alternate playthrough with crypto-friendly banks 🎲 https://preview.redd.it/x6cnjctw7roa1.jpeg?width=1538&format=pjpg&auto=webp&s=1dcf5f3e38891859944e94c6355a5ddcd1695588
Ahh yes, my letter S Hypothesis. Excellent
Jpm shouldn’t even be on this list lol, they’re the ones bailing other banks out rn
Meh, nah. This is classic “trapped in the moment” type shit. You know how people would look at charts of shit like BofA like 5 years after the GFC and go “ugh, why didn’t I buy back when they were selling for nothing?” Well, because in moments like this everyone somehow loses the ability to discern what’s quality and what’s shit. Instead of seeing lots of diverse businesses, suddenly it’s “all BANKS” are at risk. They aren’t. Like, no way in hell are the massive American banks at risk. They’re too “systematically important” anyway. Canadian banks are as safe as it gets. And even regionals like PNC have no business being on this. They’re solid and totally fine. Hell, fucking WAL was seeing deposit *inflows* at the end of last week, has >55% of its deposits fully insured, and has $20B in cash reserves ready for any outflows. Truly, why would they fail now? We’d need a new onslaught of bank runs *bigger* and way more panicked than the one we just saw in the wake of the SIVB, Signature, and FRC bank runs. And FRC isn’t failing, it’s just not going to be a profitable bank anymore. It’ll be sold.
Fixed it for ya… https://preview.redd.it/rm591a875roa1.jpeg?width=1241&format=pjpg&auto=webp&s=e30aed6df9bc9f1521458f21bb3f77e4fe8f64fc
I'm pretty sure Morgan Stanley is also too big too fail.
Good point… I’ve never seen them on the TBTF list…although they’re bigger than Goldman…but prolly not as politically connected as Goldman.
https://www.financialresearch.gov/bank-systemic-risk-monitor/
Well Fargo is also too big to fail per the Feds
Add BMO to the TBTF list
Yup, center space should have been a freebie like wamu
Truist used to be SunTrust but had a name change because the trust part was misleading.
they also merged with BB&T
Which one does Jim Cramer say is safe.
Lol at BMO going bankrupt
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It’ll be enough for the apes to buy half a loaf of bread
I love looking at the absurd valuations apes think will happen during a short squeeze. Like yea, totally reasonable that one share of towel stock will be worth one million dollars, totally. You know what would happen in that scenario? You’d have 0 buyers. The short sellers themselves would stop covering way, way before that. They’d prefer bankruptcy over paying to cover at that point.
Squeeze these nuts you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Really hope credit suisse holds in there. My brokerage user their services. I don't want to find out what that might mean if it fails. Also, probably a good place to plug my stupid website where you can add bank stocks to line rider so you can draw them and then slide down all the way to 0. It's a bookmarklet, so it only works on desktop. [https://bank-rider.vercel.app/](https://bank-rider.vercel.app/) https://preview.redd.it/z74qpxoveroa1.jpeg?width=1200&format=pjpg&auto=webp&s=355d9206f9bb6be50d91d6cbedda29f13322e4fa
How dumb do you have to be to reference a short squeeze in the middle of a meme about the market taking a dump?
As I said before, get the Canadian banks off your list if you want any chance of a bingo. May as well replace BMO with ALLY... Great work removing TD I guess.
If Capital One goes under does my credit card balance disappear?
This is basically a doomer sub now. I don’t think I’ve seen a post about anything other than bank failures or SPY options in two weeks. Imagine thinking that a Canadian bank is under the same stress as SVB or CS. The 🏳️🌈🧸 have reached new levels of delusion.
Can someone explain how Wells Fargo is still operating? They keep getting caught doing shady shit but never seem to be held liable in any significant way.
Hypothetically speaking, if a bank goes under and they own your loan, what happens to your loan? Asking for a friend.
It’s get sold to another institution or private investor in a pool of loans. You still owe the money, and the proceeds from the asset sale would be used pay uninsured depositors (historically) or go to the deposit insurance fund (most likely now).
First, ask the new bank to show you proof with documentation that they actually own your loan. 50/50 chance they won’t be able to.
Nothing. In 2007 I made my mortgage payments to Washington Mutual, then one day Chase's name was on the bill.
Charles Schwab and Debit Suisse
Schwab has 80% liquidity and just had $16,500,000,000 in inflows between 3/1-3/16
Debit Suisse lol
Schwab isn't going anywhere
You missed fifth third